Give us a call when you're ready England.. but I hear productivity is on the go slow so we'll just leave the answering machine on
It'll be interesting to see the impact of the snap election now that Tory power have got some seats in Scotland. And people mocked the SNP for their economic record.
source: http://www.bbc.com/news/uk-scotland-40498752
It'll be interesting to see the impact of the snap election now that Tory power have got some seats in Scotland. And people mocked the SNP for their economic record.
Scotland's economy rebounded in the first quarter of this year, boosted by growth in production and services.
Official figures showed GDP grew by 0.8%, having shrunk by 0.2% in the previous three months.
Scotland outstripped the UK as a whole, which saw growth of just 0.2% in the first three months of the year.
Both the Scottish and UK governments welcomed the figures which saw Scottish production grow by 3.1% and the services industry expand by 0.3%.
However, construction contracted by 0.7%.
On an annual basis, the Scottish economy grew by 0.7%. Equivalent UK growth was 2%.
Scotland's economy
How is it doing?
0.8%
Growth in first quarter of 2017
0.3% Services sector up
3.1% Production sector up
0.7% Construction sector down
Scottish government
PA
Some economic forecasters had warned that Scotland could slip into technical recession following contraction in the final quarter of last year.
Reacting to the latest data, Economy Secretary Keith Brown said the figures "reinforce the fact that the fundamentals of Scotland's economy are strong".
He said: "Since late 2014 our growth rate has been impacted significantly by the fortunes of the North Sea with around two-thirds of the slowdown in 2016 attributed to the onshore impact of lower oil prices.
"Today's figures show a rise in output in industries linked to the North Sea for the first time since 2014.
"While there is no room for complacency, these figures - alongside a number of recent business surveys - indicate that there is growing confidence in the sector."
Official figures showed GDP grew by 0.8%, having shrunk by 0.2% in the previous three months.
Scotland outstripped the UK as a whole, which saw growth of just 0.2% in the first three months of the year.
Both the Scottish and UK governments welcomed the figures which saw Scottish production grow by 3.1% and the services industry expand by 0.3%.
However, construction contracted by 0.7%.
On an annual basis, the Scottish economy grew by 0.7%. Equivalent UK growth was 2%.
Scotland's economy
How is it doing?
0.8%
Growth in first quarter of 2017
0.3% Services sector up
3.1% Production sector up
0.7% Construction sector down
Scottish government
PA
Some economic forecasters had warned that Scotland could slip into technical recession following contraction in the final quarter of last year.
Reacting to the latest data, Economy Secretary Keith Brown said the figures "reinforce the fact that the fundamentals of Scotland's economy are strong".
He said: "Since late 2014 our growth rate has been impacted significantly by the fortunes of the North Sea with around two-thirds of the slowdown in 2016 attributed to the onshore impact of lower oil prices.
"Today's figures show a rise in output in industries linked to the North Sea for the first time since 2014.
"While there is no room for complacency, these figures - alongside a number of recent business surveys - indicate that there is growing confidence in the sector."
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